Invesco QQQ $QQQ is Pittenger & Anderson Inc.’s 4th Largest Position

Pittenger & Anderson Inc. lowered its position in Invesco QQQ (NASDAQ:QQQ) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 149,333 shares of the exchange traded fund’s stock after selling 719 shares during the quarter. Invesco QQQ comprises approximately 3.9% of Pittenger & Anderson Inc.’s portfolio, making the stock its 4th largest holding. Pittenger & Anderson Inc.’s holdings in Invesco QQQ were worth $109,969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE grew its position in Invesco QQQ by 381.0% during the fourth quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock worth $12,008,257,000 after buying an additional 26,505,055 shares in the last quarter. Corient Private Wealth LLC increased its stake in Invesco QQQ by 3,567.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after acquiring an additional 20,852,432 shares during the last quarter. Delta Global Management LP purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at about $821,084,000. Align Financial LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at about $78,118,000. Finally, Bank of Montreal Can boosted its position in shares of Invesco QQQ by 142.4% during the 4th quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock valued at $877,406,000 after acquiring an additional 840,803 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: U.S. equities and exchange-traded funds advanced after midday, providing a favorable backdrop for QQQ’s Nasdaq-100 holdings. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: An analysis describing a relatively inexpensive way to own artificial-intelligence exposure may reinforce demand for established technology companies represented heavily in QQQ. The Boring Way To Own AI Is Now The Cheap Way
• Positive Sentiment: Technical market commentary identified key support and resistance levels for QQQ and major holdings including Apple, Microsoft, Nvidia, Alphabet, Meta and Tesla, potentially encouraging dip-buying if support holds. How To Trade SPY, QQQ And 6 Mega Caps
• Neutral Sentiment: Market coverage said stocks were attempting to rebound while yields moved higher, leaving QQQ caught between improving risk appetite and pressure from higher borrowing costs. Markets Try To Bounce Back As Yields Head Higher
• Neutral Sentiment: Debate over Treasury policy, inflation, monetary support and U.S. market leadership is adding uncertainty to the interest-rate outlook, an important driver of growth-stock valuations. War, Inflation, And The Battle For Market Leadership
• Negative Sentiment: Credit-market risks may be underappreciated by AI-focused stocks, raising concerns about concentrated valuations and potential volatility among QQQ’s technology holdings. AI Stocks May Be Ignoring A Growing Risk Seen In Credit Markets
• Negative Sentiment: A hawkish interpretation of Federal Reserve minutes and the recent bond selloff could keep interest rates elevated, which generally weighs on high-growth technology stocks. Fed Minutes Lean Hawkish, But We Don’t Expect A Hike

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $713.44 on Friday. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $748.65. The business has a 50-day moving average of $713.76 and a 200-day moving average of $668.02.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were given a dividend of $0.8135 per share. The ex-dividend date was Monday, June 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a yield of 0.5%.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.